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The asset class would be new for the two plans.
The plan has hired a new executive director after the role was vacant for four months.
Sohel Hussain took the reins as v.p. of investments and finance at the Meyer Memorial Trust in October 2023. He took the time to answer five questions with FIN News.
The departure was “surprising and abrupt” and a replacement has not yet been identified.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.
The search follows the plan’s decision to divest its emerging markets equity allocation from Chinese holdings.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The investment consulting firm disclosed the public markets manager research team’s areas of focus for the coming months.